News

Warren Buffett's annual donation to the Bill & Melinda Gates Foundation rose with the value of Berkshire Hathaway stock this year by 30% to around $1.62bn.

RBS has completed the sale of its metals, oil and energy business to JP Morgan in a deal worth $1.6bn (£1.1bn).

Board members of the Personal Accounts Delivery Authority (PADA) could have received up to £720,000 in the 2009/2010 financial year.

Onerous regulation could lead to a smaller, more polarised credit market, according to the Finance and Leasing Association.

Lettings agency and property service Countrywide has bought The Letmore Group, a large independent specialist rental agency in East London and Essex.

The Government has launched a website allowing employers to nominate which regulations should be scrapped to make running a business easier.

FSA proposals to develop its capability to monitor individual advisers have been welcomed by the industry, but stakeholders are querying why the regulator has not already introduced a similar system.

The FTSE rose slightly in early trading to 4823.61, up 17.86 points (0.37%), after a late rally on Wall Street.

Henderson has merged the New Star European Growth offshore Oeic into the Henderson Horizon Sicav and renamed the vehicle Henderson Horizon European Growth fund.

Mining companies received a boost as new Australian prime minister Julia Gillard watered down controversial tax plans.